FAFSA Inflation Fix May Delay Financial Aid Letters, Education Department Says

"The U.S. Department of Education says it recently updated a key part of the new Free Application for Federal Student Aid formula, but, as a result, colleges won’t receive FAFSA applicant information until early March, instead of late January as initially estimated," CNBC reports.

..."The new, simplified FAFSA soft launched Dec. 30 after a monthslong delay. Since then, the 2024-25 form has been plagued by problems.

'These continued delays, communicated at the last minute, threaten to harm the very students and families that federal student aid is intended to help,' said Justin Draeger, president of the National Association of Student Financial Aid Administrators."

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Publication Date: 1/30/2024

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